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sspadowsky sspadowsky is offline
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Old May 15th, 2003, 10:55 AM        Dubya's Big Tax Cut
I'll be doing some of my own research on this, but I'm curious to hear everyone's take on Bush's proposed tax cut, as far as what programs will suffer as a result, where the hell they think this money is going to come from, and over what period of time this $550 billion is being cut.

I ask because Sen. Ben Nelson is considering voting for Bush's version of the tax cut (as opposed to the lesser cut proposed by others in the Senate), in return for $20 billion for aid to states, about $150 million of it going to Nebraska.

Now, I'm no economist, but I'm anxious to know where all the dough is coming from. How is it so easy to make this big of a tax cut, and still have $20 billion to throw around to the states? When I ponder this, I see an image in my head of a bunch of congressmen sitting around a big game board, playing with Monopoly money.

I welcome your thoughts. Fuckers.
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Last edited by sspadowsky : Apr 18th, 2011 at 07:04 AM.
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Protoclown Protoclown is offline
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Old May 15th, 2003, 01:27 PM       
I must admit I am largely ignorant when it comes to economics, and I have only a very basic understanding of how the economy works on a large-scale.

So I'm interested in seeing other people's thoughts (and hopefully explanations given) but I have nothing to offer, myself.
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AChimp AChimp is offline
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Old May 15th, 2003, 01:44 PM       
Didn't you know? Bush shits gold and diamonds fall out of his nose. :rolleys
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Old May 15th, 2003, 03:55 PM       
HOW can you possibly care about money when terrorism and all-out peril are just around the corner!?

GET BACK UNDER YOUR DESK, MISTER. AND DON'T FORGET YOUR DUCT TAPE.
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Jeanette X Jeanette X is offline
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Old May 15th, 2003, 04:04 PM       
Now where is Ror when you need him?
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El Blanco El Blanco is offline
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Old May 15th, 2003, 07:36 PM       
I too plead ignorance in manners of finance, but I think the reasoning goes like this:

We live in a capitalist society, which thrives on free spending. The idea is that if people were given back this money, they would go out and spend it. This puts more money into the economy. this extra money can then be taxed again. Or something like that.
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sspadowsky sspadowsky is offline
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Old May 16th, 2003, 10:16 AM       
I guess what I'm getting at is, how can we throw down $75 billion just for the little "war" (which it wasn't- a war is when TWO armies are fighting), probably a couple hundred billion for the occupation of Iraq, and the Prez wants to cut $550 billion in what would be revenue for the government?

Meanwhile, schools all over the place (particularly in my state) are cutting staff and programs, and raising tuition because there's not enough federal and state money coming in. Also, if I remember correctly, one of Dubya's big targets of funding cuts (to support the tax breaks) is education. As if we're not dumb enough already.
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mburbank mburbank is offline
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Old May 16th, 2003, 10:32 AM       
Our school are getting cut to the bone. My daughter's school, which is a Massahcusetts exmplar school (meaning it's ed model has won major awards) is loosing all it's para professionals, phys ed has been cut in half and there's no longer any foreign language program.

It also occurs to me that if you want to goose the economy, you should give the most money to people likely to spend it or pay off their bills.
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sspadowsky sspadowsky is offline
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Old May 16th, 2003, 10:38 AM       
What, Max? You mean you wouldn't use all that money you'd get in dividends from your portfolio? Maybe you should just sell your yacht to pay down the credit account at Tiffany's.
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